http://www.trealfx.com/en/index.php
Website
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
442038688017
+44 203 868 8017
More
Tech RealFX Ltd
REALFX
Hong Kong
Pyramid scheme complaint
Expose
Aspect | Details |
Company Name | REALFX |
Registered Country/Area | Hong Kong |
Founded year | 5-10 years ago |
Regulation | Unregulated |
Market Instruments | Forex, Commodities, CFDs |
Account Types | Standard, ECN |
Minimum Deposit | $100 (Standard account) |
Maximum Leverage | Up to 1:500 |
Spreads | No spread charged, commission of $8 per lot |
Trading Platforms | MetaTrader 4 (MT4) |
Customer Support | Phone +44 203 868 8017, +44 203 868 8017, Email support@trealfx.com |
REALFX, founded in Hong Kong 5-10 years ago, operates without regulatory oversight, exposing traders to heightened risks. It offers Forex, commodities, and CFDs with high leverage up to 1:500, promising significant profit potential but also amplifying potential losses.
The platform's use of MetaTrader 4 provides familiar tools for trading, yet its official website's inaccessibility and limited transparency on payment methods raise risks.
Traders face challenges with withdrawals, encountering delays and stringent conditions, which, combined with allegations of unethical practices, underscore the platform's questionable reputation and the importance of cautious consideration before engaging with REALFX.
REALFX operates without regulatory oversight.
This lack of regulation means there are no established standards or protections typically provided by regulatory authorities. Traders using REALFX should consider carefully as there is no external oversight to ensure fair practices or resolve disputes, potentially exposing them to higher risks associated with unregulated platforms.
Pros | Cons |
Offers various financial instruments | Lack of regulatory oversight |
Two account types available | Official website inaccessible |
High leverage up to 1:500 | Limited transparency on payment methods |
Uses popular MT4 trading platform | Complaints about withdrawal difficulties |
Allegations of unethical practices |
Pros:
Cons:
Tech RealFX offers investors access to some financial instruments, including Forex currency pairs, commodities, metals, and CFDs.
Tech RealFX offers investors two different types of accounts, namely Standard and ECN accounts. The minimum deposit requirement for a standard account is $100, while the minimum deposit requirement for an ECN account is unknown.
Tech RealFX offers high leverage levels, reaching 1:500. Such leverage ratios enable traders to make striking profits when the markets move in their favor. However, the opposite is also possible.
Standard users on the Tech RealFX platform are only charged a certain spread as commission, while ECN accounts are charged a commission of $8 per lot in addition to a lower spread.
To trade with Tech RealFX, traders have access to the most popular MT4 trading platform on the market today.
MT4 is user-friendly, easy to use, contains multiple options, different order types, a large number of charting and analysis tools, and a selection of third-party applications that are compatible with it. Additionally, the MT4 trading platform is also popular for its ability to use expert advisors for automated trading and support for hedging models.
Payment methods supported are not fully disclosed on the Tech RealFX official website. However, what has to mention is that withdrawal amount less than $200 cannot be done according to this broker.
REALFX offers customer support via phone and email. For English support, contact +44 203 868 8017. For Traditional Chinese (HK), dial +44 203 868 8017. Email inquiries can be sent to support@trealfx.com.
The user's exposure regarding REALFX highlights serious risks about the platform's integrity and user experience.
Complaints include accusations of operating like a pyramid scheme, difficulties withdrawing funds, and questionable trading practices such as requiring multiple profitable trades before allowing withdrawals. Such issues indicate a lack of transparency and potentially unethical behavior, impacting trust and risking financial losses for traders.
REALFX is a platform offering a variety of financial instruments such as Forex, commodities, and CFDs, leveraging up to 1:500 for potentially high returns. However, its lack of regulatory oversight from any financial authority raises significant risks about investor protection and operational transparency.
The platform's inaccessible official website and limited disclosure on payment methods add to the opacity, potentially leading to trust issues among traders.
Complaints about withdrawal difficulties and allegations of unethical practices further tarnish REALFX's reputation, highlighting the risks associated with trading on unregulated platforms.
What financial instruments can I trade on REALFX?
REALFX offers Forex currency pairs, commodities like gold and oil, and Contracts for Difference (CFDs).
Is REALFX regulated by any financial authority?
No, REALFX operates without regulatory oversight.
What are the account types available on REALFX?
You can choose between Standard and ECN (Electronic Communication Network) accounts.
What is the minimum deposit required to open a Standard account on REALFX?
The minimum deposit for a Standard account is $100.
Does REALFX support the MetaTrader 4 trading platform?
Yes, REALFX uses the popular MetaTrader 4 (MT4) platform for trading.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now